In the second episode of the four-hour series THE ASCENT OF MONEY, economist and historian Niall Ferguson explores John Law and his Louisiana territory Ponzi scheme; bond markets that supported warfare in Europe.

Funding for THE ASCENT OF MONEY is provided by the Ewing Marion Kauffman Foundation, T.Rowe Price, The Smith Richardson Foundation, James and Merryl Tisch, and PBS. Additional funding for educational materials is provided by the Calvin K. Kazanjian Economics Foundation, Inc.